31-Jul-2008 3:30 PM
Asia's cash hungry carriers
Analysis
The credit crunch, soaring fuel prices and slowing economies are playing havoc with airline financing. Raising fresh equity in these conditions is virtually impossible, with Cebu Pacific, Air India and Vietnam Airlines all deferring their IPO plans this year. The sale of a stake in Jet Airways by founder, Naresh Goyal, has also been consistently delayed.
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